Besides having one foot out the door for the knuckledhead Summers being allowed anywhere near economic policy, I still cannot believe the Democratically-lead Congress passed the freaking bail out bill with no oversight. None.
This is the greatest transfer of wealth between economic classes in recorded history. The greatest silent battle of the silent class war the ruling elite have brought against the citizens of this country.
Their greed and lust for total economic control is only matched by their historical ignorance on how such endeavours fail. It is just a matter of time before guillotines come back in vogue.
So one wonders, what exactly could we have done with this bailout money? What could we have built, completed, what wonders of the world would America had made instead of covering the gambling debts of the wealth class and pumping in money into Wall Street to cover the outrageous mortgage and security frauds?
Well, now there is a list:
Bailout costs more than Marshall Plan, Louisiana Purchase, moonshot, S&L bailout, Korean War, New Deal, Iraq war, Vietnam war, and NASA's lifetime budget -- combined!
Posted by Cory Doctorow
http://www.boingboing.net/...
If we add in the Citi bailout, the total cost now exceeds $4.6165 trillion dollars.
People have a hard time conceptualizing very large numbers, so let’s give this some context. The current Credit Crisis bailout is now the largest outlay In American history.
Crunching the inflation adjusted numbers, we find the bailout has cost more than all of these big budget government expenditures – combined:
• Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion
• Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion
• Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion
• S&L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion
• Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion
• The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est)
• Invasion of Iraq: Cost: $551b, Inflation Adjusted Cost: $597 billion
• Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion
• NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion
TOTAL: $3.92 trillion
This is beyond unacceptable.
The ruling elite wealth class is looting this country for more than we rebuilt Europe for!
More than we bought half of America for!
More than we spent to get to the moon and back!
More than we spent to rebuild the country in the Great Depression!
More than various wars, including Iraq Redux, which they also made a buck on!
Talk about double dipping!
So clap for your corporate Democrats, they brought us here, and then laid out the people for the Republicans plunder.. Ah, hell, who am I kidding, the corporate Democrats, lapdogs of the wealth class, they did it all by themselves.
If this transfer of wealth from the bottom up does go through, don't come looking for the moderate or populist Democrats.
We may be from the sticks, but we ain't stupid. And this bail out bill is stupid is as stupid does.